Rights Share Approval

Dated: Chittagong

February 09, 2016 

This is for kind information of all concerned that the Bangladesh Securities & Exchange Commission (BSEC) has accorded approval for Rights Issue of GPH Ispat Limited through its  letter no. BSEC/CI/RI-105/2015/82 dated February 09, for raising of paid up capital through issuance of  187,110,000 Ordinary Shares of Tk. 10 each issuing at Tk. 14.00 each, including a premium of Tk. 4.00 per share, totaling of Tk. 2,619,540,000.00 offered on the basis of 3 (three) Right Shares for 2 (two) existing shares held on the record date. The purpose of issuance of rights shares is to enhancement of production capacity of the company. The Record Date for entitlement of rights share, the period of subscription and the list of Bankers to the Issue will be notified within 03 (three) working days as per the Securities and Exchange Commission (Rights Issue) Rules, 2006.

By order of the Board

Arafat Kamal, FCA

Company Secretary


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